Wells Fargo Sticks to Their Hold Rating for American International Group (AIG)
Wells Fargo analyst Elyse Greenspan maintained a Hold rating on American International Group (AIG) today and set a price target of $52.00. The company’s shares closed last Friday at $51.16.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 12.9% and a 65.6% success rate. Greenspan covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, United Insurance Holdings, and Arthur J Gallagher & Co.
American International Group has an analyst consensus of Moderate Buy, with a price target consensus of $48.62.
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Based on American International Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.68 billion and GAAP net loss of $53 million. In comparison, last year the company earned revenue of $11.83 billion and had a net profit of $929 million.
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Founded in 1919, New York-based American International Group, Inc. is a finance and insurance corporation. The company provides a range of property casualty insurance, life insurance, retirement products, and other financial services to commercial and individual customers. It operates through the following segments: General Insurance, Life and Retirement, and Legacy Portfolio.